Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 04 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard procedural matters in Company Appeal (AT) (CH) (Ins) No. 370/2026. The appeal was filed by MS Ravi Prasad, who is identified as the Suspended Director and Member of the Suspended Board of Directors and Shareholder of Divya Infra Properties Pvt. Ltd. The appellant is challenging actions related to the corporate insolvency resolution process of the company. The respondents in the case are Venkataswamappa Raghu, the Suspended Resolution Professional (SRA) of Divya Infra Properties Pvt. Ltd., and four other parties.
During the hearing, the tribunal addressed Interlocutory Application No. 1051/2026, which was filed by the appellant seeking condonation of delay in filing the appeal. The appellant's counsel stated this application was made "by way of abundant caution." However, the court registry officially notified the tribunal that there was actually no delay in filing the appeal, making the application unnecessary.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) closed IA No. 1051/2026 as the registry confirmed no filing delay existed. The matter was listed for admission hearing on 12 August 2026 to determine whether the appeal should be formally admitted for consideration on its merits.
Topics: Corporate Insolvency, NCLAT Proceedings, Legal Appeal